The Research On Finance Leasing To Ease The Pright Of SMEs Financing

Since China's reform and opening up, SMEs occupy more than 95% of the labor market in China, and create more than 65% of GDP in our country. The SMEs have unique advantages, which are helpful to activate the market vitality and promote the improvement of the socialist public ownership.However, at the same time, SMEs appear survival difficulty after the financial crisis, especially the financing difficulties. Due to the small and medium-sized enterprises have the low level of management, information asymmetry and other disadvantages, causing them have difficulty in getting supports from the traditional financial institutions such as commercial banks.The financing lease, as a new financing channel, which can ease the financing difficulties of small and medium-sized enterprises, has comparative advantages.. Financing lease has both the functions of financing capitals and financing goods. When the enterprises need to purchase equipment, the leasing companies will purchase them for the enterprises according to SMEs' requests, and then lease it. This new type of financing channel includes direct financial leasing and after-sale financial leasing. Financial leasing has advantages, including the enterprise-fixed assets activated, long leasing maturity, low cost of funding, tax incentives. Since the 1980s, our country starts to develop financing lease, but developing slowly at the beginning. However, since 2008, the financing lease develops rapidly, which has got welcome from more and more small and medium-sized enterprises.This paper includes four chapters. The first chapter is introduction. The second part is the basic concepts, including financing difficulties of the small and medium-sized enterprises and financing lease. The third part is based on the case of S company's financing lease. The result is that financial leasing can ease the financial difficulties of small and medium-sized enterprises. The fourth chapter is the problems and suggestions.At present, the development of financing lease is still at the primary stage in our country. SMEs still rely on commercial bank loans as the main financing channels. Financing lease cannot particularly play a substantial role in financing channels of the small and medium-sized enterprises. According to analysis of the the small and medium-sized enterprises and the financial leasing, financing lease not only can make greater contribution to the process of small and medium-sized enterprises' development in practice, but also can alleviate the. financing difficulties of small and medium-sized enterprises in theory. Finally I put forward some specific policies and measures.